Clean Energy IPO
Fails to Gain Traction

By

Yvonne Ball

Updated May 26, 2007 12:01 a.m. ET

NEW YORK -- Investors shied away from Clean Energy Fuels Corp.'s initial public offering on Friday after the stock priced below the anticipated range and selling shareholders, including energy investor T. Boone Pickens, chose not to sell shares into the IPO.

Clean Energy was at $12.04 a share as of 4 p.m. composite trading Friday on the Nasdaq Stock Market, little changed from its IPO price of $12. Clean Energy priced below the...